A new-issue municipal bond rated Aaa by Moody's Investor Service is priced to yield 8 percent. If

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A new-issue municipal bond rated Aaa by Moody's Investor Service is priced to yield 8 percent. If you are in the 33 percent tax bracket, what yield would you need to earn on a taxable bond to be indifferent?

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Financial Institutions, Markets and Money

ISBN: 978-1119330363

12th edition

Authors: David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias

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Question Posted: Sep 27, 2018 01:38 PM

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A new-issue municipal bond rated Aaa by Moody's Investor Service is priced to yield 8 percent. If

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